Investors Seek to Occupy High Ground on Pay

By

Andrew Peaple And

Hester Plumridge

Updated May 4, 2012 9:05 a.m. ET

European investors appear to be taking cues from the Occupy movement.

Half of Aviva's shareholders Thursday voted against the U.K. insurer's 2011 executive-pay plan, which included an 8.5% rise in pay for Chief Executive Andrew Moss. That follows rebellions against pay packages in the past week at companies ranging from banks Barclays and UBS, to miner Xstrata, hedge-fund Man Group and support-services company Carillion. Newspaper...